Commodities: What factors affect the price of copper

Copper plays an important role in our industrial production and copper wire has a great impact on the telecom sector.Some major factors affecting price of copper

Global Economic Situation  

Consumption of copper is mainly focused in the developed industrial countries. The economic situation of these countries such as USA, Japan, Western Europe and other countries has a greater impact on copper prices.

Seasonal Factor 

The copper price depends on seasonal variation. Usually, copper price in January is the lowest, and it will reach its peak in August.

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(Source : https://www.quora.com/Commodities-What-factors-affect-the-price-of-copper)